Sentencing | featured news

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said on Thursday.

U.S. District Judge Denny Chin sentenced Bernard Madoff on Monday to 150 years in prison, the maximum sentence sought by prosecutors.

Live Blogging | Hearing for confessed Ponzi schemer is underway now in Manhattan.

Bernard Madoff’s lawyer has told a judge scheduled to sentence the disgraced financier next week that 12 years in prison will be sufficient punishment.

Two U.S. journalists detained in North Korea while covering the plight of defectors living along the China-North Korea border have been sentenced to 12 years in prison, the country's state-run media said.

The sentencing of convicted Ponzi-scheme operator Bernard Madoff has been postponed about two weeks until June 29.